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The lesson I learnt

Dear friends, I just want to share some lessons that I have learnt in the past few months.
I started to accumulate the 3 Mapletree REITs from April till July. Thankfully I bought in at a time when the prices were low. When the Fed cut interest rate by 50 basis points in September, the prices of the reits shot up. At the highest point, my unrealised profit was $40k.
In Oct, the prices started to come down. My mindset at that time was to hold on, afterall I was getting $3k plus in dividends quarterly. However, when the quarterly results were released, MPACT and MLT did really poorly and their DPU fell quite a bit. And with their China assets, it seems like there is no respite in sight.
At this point in time, my unrealised profits had dropped to $25k. Instead of seeing it as a lost of $15k from the high of $40k, I was grateful that I made $25k and it’s my first year in investing. Now I’m holding fully onto cash and I will start accumulating MIT when its price drops to around the $2.15 level. There’s no point holding on to a stock for it’s quarterly dividend of a few thousand when the share price is obviously tumbling. It is better to sell and buy back later. Look at the number of units owned instead of the dividends as a gauge of how well you are doing. This would result in more profits in the long run.
The lesson I learnt
The lesson I learnt
The lesson I learnt
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